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The supply of factor X is perfectly inelastic and it receives a price of $100. It follows that

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The supply of factor X is perfectly inelastic and it receives a price of $100. It follows that

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the entire $100 is pure economic rent.

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part of the $100 is pure economic rent.

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factor X does not receive any economic rent.

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any payment above the price of $100 is economic rent.

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none of the above

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Economics

Edition: 12^th

Author: Arnold

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